Thursday, December 10, 1981
Plan A Commonserise Christmas
•y. By Theresa T. Ford
5 Asso. Home Eco.
Ext. Agent
A Commonsense Christmas
The joys of Christinas
usually come from being
with friends and loved ones
on that day. On that day, of
all days, no one wants to be
alone, or sick, or hungry. We
try to express our Christian
love with others, sharing
from our abundance to those
most needy.
Is that Christmas at your
house? Or is the emphasis
on giving and getting - each
year trying to top last year’s
gifts in {rice and glamor?
Do your children expect
gifts you know the family
can’t afford? Do you fed
compelled to provide gifts or
send Christmas cards
because of social pressures?
Do you try to do too many
things in too little time? And
at the last minute, too? Do
tempers get frayed as the
time and money run short?
Have you already reached
your credit limit for the
month?
A cvm monsense
Christmas is one you have
planned ahead, recognizing
the limits to time, energy
1 and money-but realizing
DR. A. F. DOWNUM, JR.
' OPTOMETRIST
Early Cataract Detection
Cataract is a clouding of
the lens which lies just behind
the pupil. The symptoms are
blurring or clouding of vision,
often beginning in one eye
only. You may see multiple
images or experience glare in
bright light. Images may
appear brighter with one eye
than with the other.
The most common cause,
by Tar. is something we all
experience - the process of
aging. Fortunately, it can be
corrected by surgery (if
: (needed). Then when the
“ tprbpcrty* pf#4cHftW**glass*s
* wr contact lenses are applied
: you should be able to see as
: well as you did before.
If you are experiencing any
-of the above symptoms, you
: should have an eye
OWHoftdaysn
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11 APPLIANCE A PLAZA M
■ South Broad St Edenton tf/II
one of these resources you
have in abundance can
substitute for each other.
If you have children there
are more demands on your
resources, but the children
provide extra hands, feet
and time. Let them help you
plan and carry out a com
monsense Christmas plan.
The basic key to your plan
is thinking of what you have
in abundance, and the needs
of others. Put a plan on
paper now.
- What personal needs of
others can you help to
relieve?
- Who around you is lonely
or depressed?
- What do you have
already in abundance that
you can share?
- When can you put your
plans into action?
Here are some gift giving
ideas that only you can give,
by using your time and
effort:
- Babysit for a young
mother so she can go
shopping without the
children.
- Offer to take an older, or
housebound person shop
ping. Then help wrap and
deliver the purchased gifts.
- If you have extra room,
examination. Any or all of
those symptoms mentioned
could also be from other
conditions. Only your eye
specialist can determine the
cause. If the diagnosis is
cataract, an EARLY
examination is desirable.
I jter on, the more advanced
cataract will make it more
difficult to look into the pupil
and examine the back of the
eye. Other impairments may
go undiscovered.
In the Interest of better vision
from the office of:
A. F. Downum, Jr., O.D.
103 W. Eden Street
EDENTON
482-3218
offer sleeping space to
relatives visiting crowded
neighbors.
- Slide a few snapshots in
with Christmas cards you’re
sending to special people
you don’t see often.
- Cook a special dish or
two for someone who has
little time to prepare them
for holiday meals.
- Invite someone you think
will be spending the
holidays alone to visit your
family and share a special
meal.
- Gift wrap your prize
winning jams, jellies or
pickles to share with a neigh
bor who has no time to can.
- If you’re older, share a
family heirloom with a
favorite younger relative.
Share a pretty
houseplant you have grown.
- The spirit of giving which
your children observe in you
should help them grow into
a generous adults you will
be proud of.
HAVE A JOYOUS
CHRISTMAS HOLIDAY!
Holiday
Discount Rates
ELIZABETH CITY
Christmas, one of the
busiest days of the year for
telephone users, is just
around the corner. Although
the holiday is one of five
annual holidays when
discount rates apply,
customers may want to
avoid calling at peak times.
Carolina Telephone has
found the heaviest calling
periods on Christmas Day
are from early until 1 P. M.
and from 6 P. M. until
late night, according to T. F.
Daniels, district com
mercial and marketing
manager. Long distance
calling is also heavy from 6
P. M. until late night on
Christmas Eve.
The heavy calling
places an unusual load on
circuits which sometimes
leads to delays in com
pleting calls.
Daniels suggests that
telephone users take ad
vantage of ..weekend and
evening rates in placing
long distance calls. Since
Christmas falls on a Friday
this years, customers can
wait one day to call long
distance and get weekend
rates which are even lower
than the holiday rates.
The weekend rates for
calls placed within North
Carolina is 50 per cent off
the full rate while the
weekend rate for calls
placed outside the state is at
a 60 per cent discount. These
same rates are available
when dialing between 11 P.
M. and 8 A. M. each day.
An explanation of reduced
long distance rate periods
can be found in call guide 5
of each Carolina Telephone
directory.
df Rest Easy
(' With Sleep-Exe. 11
> Th* gentle ingredient in /
t Sleep Ere helps you gel \
ft a good nigh! s sleep, and 1
I ( wakt? up l>sp jM
only as directed
40 MILLION
AMERICANS
QUALIFY FOR
THIS GOOD
DEAL.
H you're not oovored by *
company * pension plan, look into
an IRA from ut ...*'* tax datatred
JO€ THORUD
AGENT
fjINSIJRANcI
t
THE CHOWAN HERALD
Tax Law Changes
Affect Everyone /
By Charles Cox
DeiotUe Haskins & Sells
(EDITORS NOTE- This is the first
in a series of articles turned at helping
taxpayers prepare for the close of the
tax year on December 31,1981. This
first article highlights the changes in
the tax laws as a result of the Economic
Recovery Act of 1981.)
The Economic Recovery
Tax Act of 1981 was signed
into law by President Reagan
on August 13, 1981. ERTA,
as it is commonly called,
makes tax planning extremely
important this year. Although
many of the provisions of the
new Act are not effective until
1982, careful decisions may
have to be made this year to
maximize tax savings.
Summarized below are some
of the major changes made
by the Act.
• Individual income tax
rates will be reduced by ap
proximately 23%, phased in
over a 33-month period.
• Beginning in 1982, the
top tax bracket will drop from
70% to 50%. Maximum tax
on personal service income is
repealed as of January 1,1982.
• In 1985, individual in
come tax rate brackets, per
sonal exemptions, and zero
bracket amounts will be in
dexed to prevent “bracket
creep" The indexing will be
based on the Consumer Price
Index.
• For sales or exchanges
after June 9,1981 a maximum
20% (reduced from 28%) rate
will apply to long-term capital
gains.
• After 1981, two-earner
married couples filing a joint
return will be allowed a deduc
tion from gross income equal
to 10% (5% for 1982) of the
lesser of $30,000 or the earned
income of the spouse with the
lower earned income.
• Effective for sales and
exchanges of residences after
Losses Due To Failures
RALEIGH - Due to
losses suffered by farmers
as a result of grain elevator
failures, state Agriculture
Commissioner Jim Graham
has announced the for
mation of a grain advisory
committee.
I Os f Htfc On
School Board
Continued From Page 5-A
formation without the
consent of individual per
sons.
In other business, the
Board approved the
resignation of Luanne
Brown, Business teacher at
Holmes and the em
ployment of Douglas
McArthur Campbell,
NJROTC science instructor
at Holmes. Student and
adult regular and activity
bus drivers wre also ap
proved for Holmes and Cho
wan Jr. High. Permission
was given that the Holmes
High School Band take an
overnight trip to participate
in the invitational National
Cherry Blossom Festival
Parade April 2 and 3 in
Washington, D.C.
The Board took no action
for awarding audit con
tracts for 1982-83, pending
further information
regarding fees.
Notice To Subscribers
I Subscription rates for The Chowan Herald will be increased
I January 1,1982. The price for a single copy will be 25 cents.
■ This is the first increase in subscription and single copy rates
■ in a good while and is necessary due to the continuing increase in
I postage, newsprint and production. However, our rates continue
■ to be lower than those of most community newspapers in the
I Albemarle Area.
■ The new rate for Chowan County residents and those
■ throughout North Carolina will be $10.40 for one year. Outside
■ the-state rates for a year will be sll. The student rate (for nine
I months) will be $8.32. The six-month rate for North Carolina will
I be $7.28 with outside-the-state being $7.50.
■ All of the above rates include North Carolina sales tax and
■ must be paid in advance. However, telephone subscriptions will
■ be taken and billed immediately. Anyone who renews a sub
■ scription prior to January 1,1982 will be allowed to do so at the
■ existing rates.
■ Also, the U. S. Postal Service considers any subscription six
■ months in arrears as not a paid subscription and cannot legally
I be mailed in accordance with the Second Class Postage Permit.
m These subscriptions will in the future be discontinued without a
■ second or final notice being sent. . „ _
■ The Chowan Herald, Inc.,
■ L. F. Ambum, Jr.
Ip*
July 20,1981, a taxpayer has
two years (increased from 18
months) before and after the
sale to replace the residence
and defer recognition of any
gain on the sale. In addition,
qualified taxpayers over age
55 may elect to exclude 826,000
(up from $100,000) of the gain
on the sale of a personal
residence.
• The child care credit
available to working spouses
has been increased beginning
in 1982.
• Savings certificates pur
chased after September 30,
1981 and before January 1,
1983) may qualify for a SI,OOO
($2,000 on a joint return) life
time interest exclusion.
• Effective after 1981, the
individual retirement account
(IRA) provisions are greatly
liberalized, allowing a maxi
mum $2,000 ($2,250 for a
spousal IRA) contribution
and permitting deductible
contributions by individuals
already covered by a qualified
retirement plan.
• Non-itemizers will be
able to deduct charitable
contributions. The gradual
phase-in of this allowance
begins in 1982.
• Depreciation, invest
ment credit, research and de
velopment, leasing, and other
business provisions are greatly
liberalized, providing a very
positive tax effect for all types
of businesses. In addition,
small businesses are specifi
cally helped through lower tax
rates and LIFO inventory
liberalization.
Graham made the an
nouncement in a speech to
the annual meeting of the
N.C. Farm Bureau here
Monday.
“Although the most
spectacular elevator
failures have occured in
other states, there have
been losses in North
Carolina,” the com
missioner said. “This is a
very complex problem
which will require the best
ideas from all segments of
North Carolina agriculture.
To that end, I am appointing
a grain advisory committee
to fully investigate available
alternatives and make
recommendations.”
Graham added that it is
his desire to have the
committee provide him with
recommendations that have
the potential to reduce the
risk North Carolina farmers
face in their transactions
with grain elevator storage
firms.
“I am asking John Sledge,
president of the North
Carolina Farm Bureau, to
serve on the committee,”
Graham said. “Other
members will be announced
in the near future.”
The greatest producer of
real work is necessity.
/ ■ M
* eg*
TANZER YACHTS INTRODUCES NEW MODEL— Tanzer Yachts of Edenton has begun
production of their new 27 foot sailboat. This versatile craft, available with either inboard or
outboard auxiliary power was introduced this fall at the Newport, Rhode Island and An
napolis, Maryland Boat Shows. Barbara Hendee, manager of Tanzer’s Edenton operation,
states that in spite of current national economic indicators sales are strong for this and other
models in the Tanzer line. .
Holiday_Series
To Be Cast
WASHINGTON - WITN
TV will telecast its annual
holiday series of Christmas
Carrousel programs on
Christmas Eve and
Christmas Day, according
to an announcement made
by W. R. Roberson, Jr.,
chairman of WITN-TV, Inc.
The six programs which
comprise this special
holiday series will feature
choral groups from colleges,
universities, and high
schools in the Down East
viewing area. Each school
will present performances
of traditional Christmas
carols, as well as unique
holiday music from this
country and abroad.
TV-7 personalities will
join in the holiday
celebration by hosting the
programs scheduled to air
on Christmas Eve and
Christmas Day. Lee Kanipe
will host the Mount Olive
Concert Choir and Singers
on Christmas Eve at 11 P.M.
On Christmas Day, Dick
Jones will host the
Washington High School
Ensemble, hosted by Claren
Scott.
Kay Currie will host the
Christmas Carrousel at
noon featuring Atlantic
Christiam College Vocal
Ensemble. Bob Townsend
will serve as host of the N. C.
Wesleyan Singers and Pro
Arte at 6 P.M. The final
program of the series,
hosted by Kathy Crisp, will
be seen at 11 P.M. and will
feature musical groups
from East Carolina in
cluding the Collegium, the
Madrigal Singers, and the
Herald Trumpets.
For over a decade TV-7
has presented Christmas
Carrousel as a holiday
celebration representing the
stations continuing in
volvement in and service to
the people, businesses, and
institutions of Down East
North Carolina.
\ • soft latex foam
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• men s, women's sizes
c) 1981 Schq.il Inc
The Chowan Herald, Inc.,
L.F. Ambum, Jr.
President
1C HERITAGE J
commercial - residential.
farms
NEW LISTINGS
ON THE WATER Building lot in Cape Colony good
location, low price $3,500
10 PER CENT OWNER FINANCING Two houses
in the country, a 3 bdrm. with central air and heat and
a 2 bdrm. with water to air heat pump. Many ex
tras Both for $55,000
WATERFRONT COTTAGE Beautiful panarama
of Chowan River. 4 bedroom $45,000
CAPE COLONY —2l SOLD age. Beautiful lot. I
CAPE COLONY Charming 2 bedroom home, 14
baths, eat-in kitchen, L.R., Florida rm., carport, large
utility rm. Beautiful, wooded setting. Many extra
features $39,000
ARROWHEAD BEACH On the canal, nice 2 bdrm
home with option to buy additional lot. 9 per cent
assumption $35,500.
MOBILE HOME LOTS FROM $1,500
CAPE COLONY Unique, custom built home on
dbl. lot, 3 bdrm, 24 bath, Rec. rm., L.R. cathedral
ceiling - balconies - decks, fireplace, 2 bay carport,
workshop, beach and much more. 10 per cent owner
financing .
IV TOWN
Newly remodeled. financing available.
MOBILE HOME
baths. Excellent condition $12,800.
WATERFRONT Large lot on Chowan
River $15,000
CHOWAN BEACH
shaded lot. beach access. (Owner financing 12 per
vent) Make an offer
ARROWHEAD BEACH
Both for $3,000
WATERFRONT HOME Arrowhead Beach - three
bedroom home, 2 baths, L.R. with fireplace, kit., D.R.,
util, rm., 1 car garage on beautiful extra large lot.
Bulkheading and pier with spectacular view of the
Chowan River (Owner financing at 12 per cent)
Make an offer.
ARROWHEAD Near the water, nice
wooded lot, beach actaMroeautiful view.
COMMERCIAL PROPERTY Highway 32, 2 miles
south of Edenton, commercial building aqd mobile
home on approx. 1.2 acres with 205 ft. of highway
frontage $36,500.
ARROWHEAD BPC/v\(j >ar water, beautiful
view, 2 wooded lots. jV)’'
IN TOWN Stratford Rd., Immaculate home on a
beautiful lot. 3 BR, L.R., D.R., kitchen, bath, utility
rm., hardwood floors. In excellent condition. 7%
assumption $37,500.
jfrv l jgMfc
- * 1
VALHALLA Owner Must Sell Now! Eight year
old spacious country home with over 1750 sq. ft. in
cluding 3 bdrms. LR, DR. kit., 14 baths, utility room
and studio. Situated on two acres north of Eden
ton
ARROWHEAD BEACH
joining, all for $20,006
NEAR COUNTRY CLUB On Athol Lane. Log
cabin, rustic and beautiful, built for many years of
maintenance free living. 2 bedrooms, great room with
fireplace situated on 5 acre wooded lot
CIIOWXN bdrm home 4*
beautiful woode. y)"’
iti2 As RESwith large lake, timber and cleared lanq.
Excellent for development. Negotiable. 12 per cedt
I owner financing.
1.2. 3.4*5 acre wooded tracts. Commercial a«d
Page 7-A